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Investment Highlights

  • Fully Leased & Stable Medical Tenant- 100% occupancy with Orlando Orthopaedic Center, a NNN asset enuring stable income.
  • One to Five Year Option- To extend with 180 day prior written notice
  • 3.0% Annual Base Rent Increases
  • Property Management- Expenses are recoverable

Executive Summary

Atrium Commercial Real Estate is pleased to present the exclusive opportunity to acquire a 100% leased medical NNN asset located in Casselberry, Florida, one of the most dynamic submarkets in the greater Orlando MSA. The offering represents a stabilized, income-producing investment anchored by Orlando Orthopaedic Center, a well-established regional medical tenant, and provides investors with the security of in-place NOI of $124,600. At the asking price, the asset reflects a 5.42% cap rate, offering a compelling opportunity to acquire a passive medical office investment in a high-growth Central Florida market. The Lease also affords 3.00% annual increases in Base Rent which hedges against future inflationary environments. As always, there’s no state income tax in Florida. Positioned along the highly trafficked Red Bug Lake Road corridor in Seminole County, the property benefits from strong surrounding demographics, excellent visibility, and sustained commercial growth over the past five years.

Property Facts

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,460 SF
Building Class
B
Year Built/Renovated
1982/2016
Price
$2,300,000
Price Per SF
$421.25
Cap Rate
5.42%
NOI
$124,600
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,460 SF
Building FAR
0.13
Lot Size
1.00 AC
Zoning
OP, County - Office Professional
Parking
36 Spaces (6.3 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Very drivable
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
22-21-30-300-018B-0000
Land Assessment
$303,178
Improvements Assessment
$552,792
Total Assessment
$855,970
  • Listing ID: 40059244

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 2911 Red Bug Lake Rd, Casselberry, FL 32707

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